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Bankruptcies As with other taac litigarion, the firm has extensive experience in the field of bankruptcy and has developed a computerized system of bankruptcy litigation support and tracking. Although other lawfirms look upon bankruptcies as a widespread problem, our firm views them as a surmountable obstacle instigated by the taacpayer to delay our inevitable collection of taxes due our clients. Several of our attomeys are very famitiat with the federal law regarding bankruptcy and have given seminars throughout the State concerning the impact of bankruptcy on the collectibility of ad valorem taxes. We believe that it is to the advantage of all taxing jurisdictions, not just our clients, for us to provide these seminus. We file claims in bankruptcy court immediately upon receipt of norice of the bankruptcy. This claim is generated from the litigation system and combines the tax information from your tax files and the bankruptcy information that we have obtained. We then track any objections to the claim, whether the bankruptcy stay is lifted (to permit us to proceed in state court), and whether a payment plan has been approved by the court. Our attomeys, working with support staff, carefully track each account that has filed bankruptcy. Our system aiso keeps track of information regarding the bankruptcy trustee that the court appoints, the debtor's and other creditors' attomeys, the information about the business itself, and the identity of any co- debtors. All of this information is available to our bankruptcy attomeys at the push of a button, making the process of handling your claim much easier. We have also computerized other commonly filed documents: the Notice orr rxm IaMkd tAe first settmhl of Appearance, which will direct all further conespondence and pleadings appai ot a Aanluqnry amr e tke to our firm instead of just your tax office, and the Request for Payment of pr°a'4' tu kw• taaces as an administrative expense. This latter documant enables us to make application for full payment of tazces which accrue while the bankruptcy is pending, including current taaces. We aze very aggressive in pursuing our clients' interest in the banlwptcy courts. We actively press to recover as much of the penalties and interest as can be recovered and seek to have the stay removed from the property on which our client is owed delinquent tases. Our firm handled the first successful appeal of a bankruptcy matter in the property tax field. In the matter of Stanford, debtors 826 F.2d 353 (C.A.S-Tex, 1987), the court established that Teacas property taaces on real estate were a secured claim, instead of the lower designation of priority claim status: Sectiw IV • kope oF Senica - Wue I I